Response time and decision making: An experimental study
Journal Title: Judgment and Decision Making - Year 2013, Vol 8, Issue 5
Abstract
Response time is used here to interpret choice in decision problems. I first establish that there is a close connection between short response time and choices that are clearly a mistake. I then investigate whether a correlation also exists between response time and behavior that is inconsistent with some standard theories of decision making. The lack of such a correlation could be interpreted to imply that such behavior does not reflect a mistake. It is also shown that a typology of slow and fast responders may, in some cases, be more useful than the standard typologies.
Authors and Affiliations
Ariel Rubenstein
Keywords
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